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Lawmakers, NLC rejects hike in fuel, terms it “unacceptable”.

NEWSMAN, Abuja – Following the increased ex-depot fuel price from N148 to N151.56, Minority Caucus of the House of Representatives has kicked against the increment, describing it as unacceptable.

Minority leader of the House, Ndidu Elumelu, in a statement on Wednesday, challenged President Buhari-led administration to come up with strategies that will lead to a decrease and not increase in the cost of domestic fuel, noting that increased price would result in an increase in the high cost of consumer goods and services and worsen the current economic hardship.

Recall that the Pipelines and Product Marketing Company (PPMC) said that the price of premium motor spirit popularly known as petrol has been increased to N151.56 per litre.

The disclosure was made in a memo released by PPMC and signed by D.O Abalaka, adding that the price took effect from Wednesday, September 2.

The statement read, “Please be informed that a new product price adjustment has been effected on our payment platform. To this end, the price of Premium Motor Spirit (PMS) is now one hundred and fifty-one-naira, fifty-six kobo (N151.56k) per litre.”

It was earlier reported that the ruling party APC was reacting to the PDP’s statement where the opposition party criticised the Buhari administration for increasing the petrol price per litre and the electricity tariff in the country blamed the opposition People’s Democratic Party (PDP) and its past governments for the current petrol price increase in the country, Legit.ng reported.

The APC said successive PDP governments had foisted on the country a corruption-tainted fuel subsidy regime, which is now affecting the present government.

 In other news, the former governor of Ekiti state, Ayo Fayose has condemned the increase in the price of petrol to N151.56 per litre.

 Reacting to the development, Fayose lamented that Nigerian government was increasing the price of petrol when other countries are putting in place measures to cushion the effects of Covid-19 lockdown.

Similarly, Nigeria Labour Congress (NLC) President Ayuba Wabba, have lambasted the government for the fuel hike saying “Nigerians are being taken for a ride”.

“The increase in price of petroleum is like adding salt to injury. The increase in price of petroleum has happened now more than three times in three months. Only yesterday they hiked the tariff of electricity.”

The organised labour therefore rejects the increase in price of the product in the strongest terms. At the end of the day, Nigerians are becoming poorer and poorer, in fact many people are already on the edge’’, Wabba added.

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